Qatar Investment Fund PLC AGM Statement (5042P)
18 November 2016 - 6:02PM
UK Regulatory
TIDMQIF
RNS Number : 5042P
Qatar Investment Fund PLC
18 November 2016
18 November 2016
Qatar Investment Fund plc
(the "Company")
2016 Annual General Meeting Results
The Board of Qatar Investment Fund plc (QIF.L) announces that at
the Annual General Meeting ("AGM") held today (17 November 2016) at
11.00 a.m., all resolutions were duly passed on a poll. The results
are shown below.
ORDINARY BUSINESS
Resolution 1
The Report of the Investment Manager and Investment Adviser,
Report of the Directors, Directors' Remuneration Report, Auditors'
Report and the Audited Consolidated Financial Statements of the
Company for the year ended 30 June 2016 be approved with 95,628,859
votes cast in favour, no votes cast against and no abstentions.
Resolution 2
The final dividend of USD 4.0 cents per ordinary share for the
year ended 30 June 2016 was approved with 95,628,859 votes cast in
favour, no votes cast against and no abstentions.
Resolution 3
KPMG Audit LLC Isle of Man was re-appointed as auditors of the
Company for the year ending 30 June 2017 with 95,628,859 votes cast
in favour, no votes cast against and no abstentions.
Resolution 4
Mr Leonard O'Brien who retires in accordance with the corporate
governance codes adopted by the Nomination Committee of the Company
be re-elected a director of the Company with 95,628,859 votes cast
in favour, no votes cast against and no abstentions.
SPECIAL BUSINESS
Resolution 5
That the Company generally and unconditionally be authorised to
make market purchases of ordinary shares of US$0.01 each provided
that: (a) the maximum aggregate number of ordinary shares that may
be purchased is 17,548,355 (being the equivalent of 14.99% of the
Company's issued share capital as at 16 September 2016); (b) the
minimum price (excluding expenses) which may be paid for each
ordinary share is US$0.01 being the nominal value per ordinary
share; (c) the maximum price (excluding expenses) which may be paid
for each ordinary share is the higher of: (i) 105 per cent of the
average market value of an ordinary share in the Company for the
five business days prior to the day the purchase is made; and (ii)
the value of an ordinary share calculated on the basis of the
higher of the price quoted for (I) the last independent trade of
and (II) the highest current independent bid for, any number of the
Company's ordinary shares on the trading venue where the purchase
is carried out; and (d) the authority conferred by this resolution
shall expire on 17 November 2017 or, if earlier, at the conclusion
of the Company's next annual general meeting save that the Company
may, before the expiry of the authority granted by this resolution,
enter into a contract to purchase ordinary shares which will or may
be executed wholly or partly after the expiry of such authority.
All Shares purchased pursuant to the above authority shall be
either: (i) held, sold, transferred or otherwise dealt with as
treasury shares; or (ii) cancelled immediately upon completion of
the purchase, with 95,628,859 votes cast in favour, no votes cast
against and no abstentions.
Resolution 6
That the rights of holders of equity securities in the Company
to receive a preemptive offer of equity securities pursuant to
Article 5A.2 of the Company Articles of Association shall be and is
hereby excluded in respect of 11,706,708 Ordinary shares, this
exclusion to expire immediately prior to the annual general meeting
of the Company to be held in 2017, was approved with 94,795,837
votes cast in favour, no votes cast against and 833,022
abstentions.
A copy of resolutions 5 and 6 will be submitted to the National
Storage Mechanism and will be available for inspection at:
www.hemscott.com/nsm.do.
The total number of votes cast was 95,628,859 which represents
81.63% of the Company's total voting rights.
For further information:
Qatar Investment Fund Plc +44 (0) 1624 622 851
Nick Wilson
Panmure Gordon +44 (0) 20 7886 2500
Richard Gray / Andrew Potts / Atholl Tweedie
Maitland +44 (0) 20 7379 5151
William Clutterbuck / Cebuan Bliss
Galileo Fund Services Limited +44 (0) 1624 692 600
Ian Dungate
This information is provided by RNS
The company news service from the London Stock Exchange
END
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